Monumental Financial Group Inc. Has $1.16 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Monumental Financial Group Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,172 shares of the semiconductor company’s stock after purchasing an additional 136 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 0.7% of Monumental Financial Group Inc.’s holdings, making the stock its 29th biggest position. Monumental Financial Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,162,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after buying an additional 211 shares in the last quarter. Farmers & Merchants Investments Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 162 shares during the last quarter. Baystate Wealth Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 53.5% in the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 138 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $37,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TSM shares. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded up $1.72 during trading hours on Friday, reaching $138.30. The company’s stock had a trading volume of 9,453,393 shares, compared to its average volume of 15,706,765. The company’s 50-day moving average is $137.06 and its 200-day moving average is $114.97. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $82.16 and a 52 week high of $158.40. The firm has a market cap of $717.28 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.